There is no property location added.
There is no property location added.
There is no property location added.
There is no property location added.
The Ballou team at Houlihan Lawrence is proud to present a prime investment opportunity at 14 Railroad Street, New Milford, CT—a fully leased, mixed-use property comprising 10 residential apartments and 2 commercial units, offering at 7.74% capitalization rate.
Property Highlights:
Location: Situated in the heart of New Milford's historic district, this property benefits from high visibility and foot traffic, enhancing its appeal to both residents and businesses.
Building Details: Completely renovated in 2006, the building spans approximately 11,752 square feet and is situated on a 4,791 square foot lot.
Commercial Units: The two commercial spaces are fully leased to established tenants, both of which have been in operation at this location since 2006.
Investment Considerations:
Historic District: Located within the New Milford Center Historic District, the property benefits from the area's charm and desirability, which can contribute to tenant retention and potential appreciation.
Proximity to Amenities: The property is steps away from local restaurants, shops, and the New Milford town green, providing convenience for residents and attracting customers to the commercial units.
This fully leased investment property at 14 Railroad Street offers a compelling opportunity for investors seeking a well-located, income-generating asset in a vibrant community.
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